{
    "success": true,
    "data": {
        "id": 9114,
        "msgid": "indosat-goes-all-out-to-expand-network-1203997662",
        "date": "2008-02-26 10:47:42",
        "title": "Indosat goes all-out to expand network",
        "author": "",
        "source": "JP",
        "tags": "business",
        "topic": null,
        "summary": "JAKARTA (JP): The country's second-largest telecom company, PTIndosat, is to issue bonds worth a total of Rp 1.5 trillion(around US$163 million) to support its expansion drive. The company is also seeking another $400 million in externalfunding in the form of bank loans or global bonds. The company'sexpansion plan this year is expected to cost up to $1.2 billion.",
        "content": "<p>JAKARTA (JP): The country's second-largest telecom company, PTIndosat, is to issue bonds worth a total of Rp 1.5 trillion(around US$163 million) to support its expansion drive.<\/p>\n<p>The company is also seeking another $400 million in externalfunding in the form of bank loans or global bonds. The company'sexpansion plan this year is expected to cost up to $1.2 billion.<\/p>\n<p>President director Johnny Swandi Sjam said Monday Rp 1.5trillion in bonds, currently entering the book-building process,would be offered in a conventional bond amounting to Rp 1trillion and in a sharia-based bond of Rp 500 billion.<\/p>\n<p>\"I am optimistic investors will accept the offerings as bothof the bonds have very good ratings of idAA(sy)+ from theIndonesian rating company PP Pefindo,\" Johnny said, adding thatthe book-building period would take place between Feb. 25 andMarch 6.<\/p>\n<p>Both bonds will officially be listed on April 10.<\/p>\n<p>\"We'll use the proceeds to finance our business expansion indeveloping a base station subsystem and transmission for thecellular networks,\" Johnny told a press conference.<\/p>\n<p>He said Indosat had 9413 base transceiver stations (BTS) as of September last year and was targeting to add 3,000 more thisyear. (tien\/**)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indosat-goes-all-out-to-expand-network-1203997662",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}